Essentra (LON:ESNT) Given “Buy” Rating at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Essentra (LON:ESNTFree Report) in a research report released on Wednesday,London Stock Exchange reports. Berenberg Bank currently has a GBX 170 ($2.19) price target on the stock.

Essentra Stock Down 0.8 %

Shares of ESNT traded down GBX 0.80 ($0.01) during midday trading on Wednesday, reaching GBX 103.60 ($1.33). 3,525,021 shares of the stock were exchanged, compared to its average volume of 2,665,744. The company has a market capitalization of £297.78 million, a P/E ratio of 85.34, a PEG ratio of 3.84 and a beta of 1.18. The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89. Essentra has a 52 week low of GBX 103 ($1.33) and a 52 week high of GBX 191.80 ($2.47). The company’s 50 day moving average is GBX 118.66 and its two-hundred day moving average is GBX 136.03.

Essentra (LON:ESNTGet Free Report) last issued its earnings results on Wednesday, March 19th. The company reported GBX 8.50 ($0.11) earnings per share (EPS) for the quarter. Essentra had a net margin of 1.13% and a return on equity of 1.28%. On average, sell-side analysts anticipate that Essentra will post 524.137931 earnings per share for the current year.

Essentra Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, May 15th will be issued a dividend of GBX 1.55 ($0.02) per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a yield of 1.41%. This is a positive change from Essentra’s previous dividend of $1.25. Essentra’s dividend payout ratio is currently 329.52%.

Insider Activity

In other news, insider Steve Good acquired 35,000 shares of Essentra stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average price of GBX 109 ($1.40) per share, for a total transaction of £38,150 ($49,118.06). Also, insider Rowan Baker bought 10,036 shares of the stock in a transaction on Monday, March 24th. The stock was purchased at an average price of GBX 104 ($1.34) per share, with a total value of £10,437.44 ($13,438.19). Company insiders own 0.99% of the company’s stock.

Essentra Company Profile

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